Treasurys losing streak at five; key yield held below 4.5%

RachelKoning

CHICAGO (MarketWatch) -- Treasury notes and bonds ended lower for a fifth straight session on Monday. The slim price gains recorded after a report showed a slowdown in New York-area manufacturing activity proved short-lived in the bond market. Most are confident of higher interest rates from the Fed, but just when the central bank will stop its rate-tightening campaign, as officials eye data showing both inflation risks and slower growth, is less clear. The 10-year yield remained just shy of the six-month high of 4.53% hit Friday. The note closed U.S. trading down 3/32 at 98 2/32, losing just under $1.25 in value for each $1,000 worth of securities. The note's yield
TNX, -1.21%
hit 4.49% vs. 4.48% at Friday's close.

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